Net Income per Unit

3 Months Ended

Mar. 31, 2021

Basic net income per unit is derived by dividing net income by the basic weighted average number of units outstanding for each period. Diluted net income per unit is derived by adjusting net income for the assumed dilutive effect of compensatory options (“Net income – diluted”) and dividing by the diluted weighted average number of units outstanding for each period.


	Three Months Ended March 31,
			2021		2020
		(in thousands, except per unit amounts)

Net income – basic			$	81,087	$	62,259
Additional allocation of equity in net income attributable to AB resulting from assumed dilutive effect of compensatory options			18		15
Net income – diluted			$	81,105	$	62,274

Weighted average units outstanding – basic			100,146		98,309
Dilutive effect of compensatory options			32		32
Weighted average units outstanding – diluted			100,178		98,341

Basic net income per unit			$	0.81	$	0.63
Diluted net income per unit			$	0.81	$	0.63


	Three Months Ended March 31,
			2021	2020
		(amounts as shown)
Anti-dilutive options excluded from diluted net income			—	29,056